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20130615
20130623
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: investors say the storm is, in part, because of some good news about the economy. last month, employers added 175,000 new jobs with unemployment expected to fall below 7% next year. existing home sales are also picking up, posting their best month in 3 1/2 years. but recovery from recession mean he is the federal reserve could pull back on its stimulus pro, which has pumped billions into the system to help drive growth. >> our economy is getting better and now it's time for us to see how we can do it on our own. >> reporter: potential shift by the fed has shaken some investors who feared the economy is not as strong as it seems. some also worry record low interest rates could disappear. already, mortgage rates have climbed above 4% for the first time in a year. market watchers say the volatile week is a sign of coming deterrence with the new reality. >> once we get through that period, i think we are going to realize that we are going to be okay and things will get back to normal. >> reporter: now, financial advisers say the best advice for average investors not to panic, to stick it ou
efforts on signs of a strengthening economy. what's behind that move to higher interest rates and rising interest rates from the head of wells fargo telling cnbc that it's okay if rates rise as long as it happens because of improvement in the economy. that could hurt the housing market. no sign that's happening yet. home prices may were up 5.5% from a year ago with some of the biggest price increases in san francisco and san jose. now, we did get a report on may home sales from the national association of realtors here in a few minutes. we're seeing stocks down this morning. so we are extending those losses that we saw yesterday with the dow at the moment down 135 points and the bloomberg silicon valley index also trading lower. live at the new york stock exchange, i'm jane king, bloomberg news. >> 6:49. all right. i've been complaining a little bit. i don't want to. having to take benadryl and allergies. >> with warmer weather it's going to bring it in full steam. >> misery loves company. i don't want anyone else to suffer. >> good morning, everyone. don't see any clouds out there. no f
the economy and shrink the deficit. >> according to this independent report, reforming immigration would reduce our deficit by almost a trillion dollars over the next two decades and it will boost our economy by more than 5%, in parts because of businesses created, investments made and technologies invented by immigrants. >> the president adds the bill is not perfect and it is a compromise, but it is consistent with his principles. >> new details this morning. caltran has just released documents showing there were quality control problems with hundreds of steel rods installed on the new span of the bay bridge. the rods were improperly treated with brake cleaner and an in unapproved product. it caused them to become bridle and dozens cracking in march. officials say they won't make a decision until july whether the bridge will keep their scheduled labor day weekend opening. >>> bart is marking ten years since it began service to the san francisco international airport. the transit agency said it has served more than 30 million passengers since the extension to sfo opened in june of 2003.
among couples and unemployment is behind the decline. as the economy improves more americans between the ages of 18 and 34 could be headed to the altar over the next two years. >> if it's a june wedding it will be a cooler june wedding today. >> we are going to be seeing a cooler day today. dress in layers because it will warm up. it's chilly and cool but not cold. it will warm up a little bit. as we take a live doppler, radar, satellite and low clouds ghreigd over the bay area. we are going to be see that continue throughout the day. stray high clouds, as well. 66 degrees in san mateo will be your high. 71 degrees in santa cruz, mostly sunny out there. 67 in fremont, 71 in san jose. 74 degrees and 75 in fairfield and 76 in antioch. those will be the highest temperatures for today. we do have a giants versus padres. all right, game time, 7:15, 53 degrees and bring a sweater. it will go down one degree. but we are going to see it come right back again overnight. that will cool us down. overnight lows, 54 in antioch. 53 in fremont. 52 in san jose. 51 degrees in san francisco. 50 in san
are on the decline. new poll shoe a third of americans they are likely to hold back because of u.s. economy. stocks are pretty quiet. we do have a federal reserve meeting and get a press conference on the fed later today. bloomberg silicon valley index is trading a slight bit higher. consumer reports said vigorous testing on several brands of toilet paper. walmart white cloud came out on top. they based it on four criteria, machinery and people to come to their conclusions. they tested the strength of paper. also doing well on tests, great value and wal-mart brand and northern did well. they turned up? stinkers. essentials was at the bottom and whole foods was just slightly better. >> you knew you were going there. okay. keep rolling along. >> all right. miss utah did not win last night but after she gave a rambling to a question about the gender wage gap. >> our team as the leaders and we true need to try to figure out how to create education better so we can solve this problem. >> kristen: what happened? this is what she told jimmy kimmel. >> i hear the question and i just started talking. once i
Search Results 0 to 4 of about 5